v3.26.1
Property and Equipment, Net
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net, consisted of the following (in millions):
As of
March 31,
2026		December 31,
2025
Building$122.0 $118.4 
Equipment
74.6 49.9 
Computer hardware and software
11.5 9.9 
Leasehold improvements
52.2 50.7 
Construction in progress59.5 60.0 
Total property and equipment319.8 288.9 
Less: Accumulated depreciation(41.2)(35.3)
Total property and equipment, net$278.6 $253.6 
The following table presents depreciation expense included in each respective expense category in the condensed consolidated statements of operations (in millions):
Three Months Ended March 31,
20262025
Cost of revenue
$0.4 $— 
Research and development5.4 3.6 
General and administrative0.1 0.1 
Total depreciation expense$5.9 $3.7